26 Nov 2015 | 11:44 am |
International law firm Pinsent Masons has secured a key role on the administration of the law firm Parabis which entered into administration on Monday via a pre-pack process which saw the law firm split up and sold off.
Pinsent Masons partner Steven Cottee alongside consultant Jonathan Jeffries have both been appointed as Joint Solicitor Managers of Parabis.
The pre-pack administration saw Parabis' defendant insurance businesses, Plexus and Greenwoods, acquired by Plexus Law Limited, Carpenters acquired some of claimant business Cogent Law, Lyons Davidson also acquired parts of Cogent Law as well as Saga Law, medical reports company Premex Services acquired Parabis’ Argent Rehabilitation arm, loss adjuster Davies Group acquired Parabis’ Argent Property Adjusters and Argent Liability Adjusters businesses while Examworks Investigation Services bought Argent's claims investigation business.
Steven Cottee commented: “We were delighted to assist on this complex assignment and our role alongside the Joint Administrators from Alix Partners is focused on ensuring that clients’ interests are protected during this process.”
Pinsent Masons has a market leading practice in relation to law firm restructurings, having been involved with Halliwells, Cobbetts, Manches, Harris Cartier, Linder Myers, Davenport Lyons and Jeffrey Green Russell.
Multinational law firm Pinsent Masons is advising the City of Munich in appeal proceedings brought by the organisers of a planned Oktoberfest event in Dubai. The organisers provided cease-and-desist undertakings, thereby in effect accepting a preliminary injunction issued in this landmark case by the District Court in favour of the City of Munich.
Multinational law firm Pinsent Masons has advised the new investment business Northern Gritstone, founded by the Universities of Leeds, Manchester and Sheffield, on its £215m fund raising.
Multinational law firm Pinsent Masons has appointed financial services partner Kanyi Lui as Head of China following the implementation of a refreshed leadership structure for the firm’s Asia Pacific network.
Multinational law firm Pinsent Masons has advised Rcapital on the acquisition of Nasmyth Group, a leading provider of specialist precision engineering services to the aerospace industry.
Multinational law firm Pinsent Masons has acted as legal advisor to Sweaty Betty, the founders, Tamara and Simon Hill-Norton, and the senior management team, on the $410m sale of global activewear and lifestyle brand, Sweaty Betty, to Wolverine World Wide, Inc. (WWW).
Multinational law firm Pinsent Masons has advised joint administrators, Christopher Petts and Richard Lewis of Grant Thornton UK LLP, on a pre-pack administration sale of the business and assets of CB Imports, trading as "Country Baskets."
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